S.Amdt. 3012

SA 3012. Ms. LANDRIEU (for herself, Mrs. Shaheen, and Ms. Stabenow)
submitted an amendment intended to be proposed to amendment SA 2786
proposed by Mr. Reid (for himself, Mr. Baucus, Mr. Dodd, and Mr.
Harkin) to the bill H.R. 3590, to amend the Internal Revenue Code of
1986 to modify the first-time homebuyers credit in the case of members
of the Armed Forces and certain other Federal employees, and for other
purposes; which was ordered to lie on the table; as follows:

On page 2074, after line 25, add the following:

SEC. 9024. EXTENSION OF SMALL BUSINESS TAX CREDIT TO 5 YEARS.

(a) In General.--Section 45R(e)(2) of the Internal Revenue
Code of 1986, as added by section 1421(a), is amended by
striking ``2-consecutive-taxable year'' and inserting ``5-
consecutive-taxable year''.
(b) Conforming Amendment.--Section 45R(i)) of the Internal
Revenue Code of 1986, as so added, is amended by striking
``2-year'' and inserting ``5-year''.
(c) Effective Date.--The amendments made by this section
shall take effect as if included in the enactment of section
1421.
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